VC Roundup: Investors tap blockchain ecosystems to reach startups

The United States Securities and Exchange Commission (SEC) has filed a court order on Jan. 2 to compel the messaging platform Telegram into releasing details of how the funds raised in its initial coin offering, or ICO, have been spent.The SEC claims that the requested records are highly relevant to its ongoing case against Telegram,…

BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody."

The IOTA Foundation released a public statement August 8 in order to quell fears of a major disagreement among senior management after a transcript of a discussion between the founders and the Board of Directors was leaked. A statement seen by Cointelegraph explains that following a period of uncertainty over IOTA founders Serguei Popov and…

Decentralized finance is a form of finance that does not require traditional intermediaries such as banks, brokerages or exchanges. All of the work that would normally be handled by these institutions is instead performed by technological solutions including smart contracts and blockchain.The legacy banking system and DeFi are markedly different. While traditional finance is slow…

NFT collector Pranksy has been refunded the 100 Ether he spent on a digital artwork fraudulently claiming to have been composed by popular artist, Banksy. 951 Total views 8 Total shares Nonfungible token collector Pransky was duped out of 97.67 Ether, worth $341,500, after the website of popular artist Banksy was hijacked to promote a…

Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC).Inverse Finance is an Ethereum based decentralized finance (DeFi) protocol and a flashloan is a type of…

Rarify’s valuation has shot up to $100 million following the latest funding round, as the firm works to provide scalable NFT APIs for the commercial sector. 113 Total views 2 Total shares NFT infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million. The backing…

U.S. crypto investor law firm Silver Miller has filed arbitration claims against telecoms giants AT&T and T-Mobile for “SIM-swap”-related thefts, according to a press release published Nov. 8SIM-swapping – also known as a ‘port-out scam’ – involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled…

XRP price's journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission's lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs.On April 6, Ripple Labs was…